Bonds fall back on fresh selling

Mumbai, Nov 25 (PTI) Government bonds snapped the gaining streak and closed lower on fresh selling by banks and corporates.
Call rate moved between 8.75 per cent and 8.55 per cent before concluding at 8.60 per cent on the three-day call money market here today.
The 8.79 per cent government security maturing in 2021 fell back to Rs 99.85 from Rs 99.97 yesterday, while its yield rose to 8.81 per cent from 8.79 per cent.
The 9.15 per cent government security maturing in 2024 also declined to Rs 101.47 from Rs 101.5125, while its yield edged up to 8.96 per cent from 8.95 per cent previously.
The 7.83 per cent government security maturing in 2018 shed to Rs 95.3150 from Rs 95.3875, while its yield inched up to 8.80 per cent from 8.79 per cent.
The 7.80 per cent government security maturing in 2021, the 8.30 per cent maturing in 2040 and the 8.28 per cent maturing in 2027 too finished lower at Rs 93.50, Rs 9.23 and Rs 92.65 respectively.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 98,775 crore from 44 bids at three-days repo auction at a fixed rate of 8.50 per cent and sold securities worth Rs 15 crore from one bid at three-days reverse repo auction at a fixed rate of 7.50 per cent.